Spain's Telefónica takes the pain

Spain's Telefónica takes the pain

Recovery has necessitated thousands of job cuts, cutting subsidies for handset upgrades, a sharply reduced dividend and disposals

Spain reveals €100bn capital flight

Spain reveals €100bn capital flight

The ECB president presses for the regulation of Europe's most important banks to be taken out of the hands of national supervisors

Gunvor buys second Petroplus refinery

Gunvor buys second Petroplus refinery

Swiss-based trader says it has signed agreement to acquire assets of 100,000bpd Ingolstadt plant and related German marketing activities

Executive pay: no super-capitalists

Executive pay: no super-capitalists

As a misnamed ‘shareholder spring' takes shape, it seems bosses are as confused as everyone else when it comes to devising the best pay structure
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